Banking

The changes could affect up to 20% of the 3,000 districts that Moody’s rates by one notch.

The central bank will increase support for credit issued through the Main Street Lending Program while providing midsize firms with more flexibility on the amounts they receive.

Getting crisis leadership right is vital to the well-being of employees, customers, and ultimately the business itself.

Oppenheimer will have its work cut out for it with the aim of being a major player in California's municipal banking business.

The policy case for federal support is strong: in the coronavirus era, the U.S. is looking at an emergency that is the equivalent of 50 states worth of hurricanes, fires and floods, lasting more than two years, with a very slow economic rebound.

Technical and fundamental concerns surrounding credit and supply could present challenges for the market going forward but participants tepidly welcomed signs of stability.

The central bank is creating a facility to provide financing to banks participating in the Small Business Administration’s Paycheck Protection Program.

While some types of revenue bonds may be less adversely affected than other types of revenue bonds, the entire market could see significant stress as the pandemic continues.

A big New York State Empire Development Corp. private placement is likely to be followed by more until the municipal primary starts functioning again.

Richard G. Bartow and his son Richard T. Bartow joined the office this week and will focus on K-12 education.